Category: News

Old Age Security Benefit Increase Employment and Social Development Canada today announced the quarterly benefit amounts for Old Age Security (OAS) for October to December 2015. The maximum basic OAS pension benefit paid to people 65 years of age and… {Read more}

Canada Border Services Agency Seizures The Canada Border Services Agency (CBSA) and the Royal Canadian Mounted Police (RCMP) announced today two significant cocaine seizures in the Southern Ontario Region. On September 16, 24.3 kg of cocaine were seized at the… {Read more}

September 8, 2015 – Ottawa, Ontario – Canada Revenue Agency The Canada Revenue Agency (CRA) announced today that Ms. Doreen Tennina was extradited to Canada from Italy on September 4, 2015, and is now in custody serving a 10-year sentence… {Read more}

MyCRA is a mobile application for individual taxpayers that lets you securely access and view key portions of your tax information such as your notice of assessment, tax return status, and RRSP and TFSA contribution room.

To receive the enhanced UCCB, families may have to sign up. If you have children under 18 for whom you have not previously applied for the UCCB or the Canada Child Tax Benefit (CCTB), you will need to apply for… {Read more}

Filing tax returns when you have a spouse Spousal tax returns are always filed separately – that is, the tax returns are prepared separately. However, when tax returns are prepared using personal income tax return software, most software will give… {Read more}

Claim the textbook amount Claim this amount only if you are entitled to claim the education amount. You can claim: $65 for each month you qualify for the full-time education amount. Enter this amount on line 7 of Schedule 11; or $20… {Read more}

ELIGIBLE DEDUCTIONS & CREDITS If you pay the following expenses by December 31, 2014 they will be eligible for the deductions or credits: Childcare expenses Deductible support payments Charitable donations Union and professional dues Moving expenses Political donations Accounting fees Medical expenses… {Read more}

Changes to the GAINS Benefit Rate Tables Benefit period: January 1, 2015 to March 31, 2015 The GAINS rate tables have been updated to provide a ready reference of OAS/GIS/GAINS payments at specified levels of private income, depending on a senior’s… {Read more}